Internet Marketing and VAT, do you need to Register? Lessons Shared from a Compliance Check

HMRC_logo

This is a very UK specific post (though if you’re reading from elsewhere I’d suggest seeking some professional taxation advice). Also I’m not a qualified (or unqualified) accountant so bear that in mind too (however as you’ll read later don’t believe everything an accountant tells you).

When I receive a letter from HMRC I generally open it with a hint of dread (I’ve had one tax rebate in my life and enough fines and bills to cover that 1000 fold). With this letter the feeling of dread was very appropriate, it was from THE VAT MAN.

Dear Sir

VAT Registration Enquiry

Following a review of information held on Departmental records l understand that from SA returns quoting your Unique Taxpayer Reference for indicates that you exceeded the VAT registration limit during the 2007-2008 financial year and have continued to trade above the registration limit since then ‘ However, we are unable to trace a VAT registration.This could be for various reasons such as you are registered at a different address to the registered address or your services may be exempt from or beyond the scope of VAT.

If the company is VAT registered please inform me of the vrn or if they are not required to be registered please let me know the reason(s) why.

If the business should be registered please forward a monthly breakdown of your sales and cost of sales from April 2006 to 31st January 2013.

A belated notification penalty may apply so Forms CC/FS1a and CC/FSQ are attached for your information.

Please reply within 28 days of the date of this letter. However you choose to contact us about this check, you need to quote the case reference CFS-XXXXXX and any other references shown above.

Much love
Your friendly VAT man
xxx

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Appealing an Adsense Suspension

In my last post I detailed how one of my sites had Adsense disabled due to a violation of Google’s policies, in this post I’ll explain changes made and the appeal process. After receiving the warning email I thought I’d made all the required changes to bring my site into compliance, however obviously not, as [...]

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Twitter, a social way to earn your pay

rt

Nobody can say I was early to the twitter party, then again I was very late to the domain one and that never stopped me looking at things and playing catchup in my own way. I reluctantly joined twitter very late and am not that social tbh, I wouldn’t follow me, put it that way. [...]

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Losing a 6 Figure Revenue Stream

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I am a big fan of Google Adsense. They’ve been one of my best revenue streams having paid me over a million dollars through the years and I pride myself on quality content and playing by the rules. You know that statement all good thing come to an end well I was somewhat startled to [...]

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The Return of Self Made Minds

smmbrain

Firstly I’d like to welcome you (back) to Self Made Minds, an entrepreneurial blog where we share the various activities, ideas and stuff we’ve been involved in. We’ve had something of a hiatus from this site, where Scott and I have been up to various business and life experiences and changes. However Self Made Minds [...]

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The short domain release and PC

This post has been a while in the making, around March last year I bought my initials SJ.co.uk for £x,xxx – at around the same time Nominet announced they were going to release previously held back short domain names like A.co.uk or AA.co.uk. Reading the announcement it was clear before going to the general public [...]

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Update

Little update on the last post I made about a few new buys as I had a couple of emails asking how they are panning out. The catch for £40 free-animations.co.uk did £486 in Oct. 75,000 visitors It’s fairly important to point out this wasn’t just catching an expired domain and parking it, I bought [...]

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Link building

Found a company doing a novel new trick, well new to me anyway. They scanned my authority website for dead links Then put up some content relative to my dead outbound links on their own site Then email and ask if they can quote my site with link back to me (naturally I agree) When I confirm [...]

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An acquisition or two

I have been busy looking at existing sites & traffic so taken a break from domain research. Life Insurance Quotes continues to age and is now taking leads, this site is moving forward to the point it’s probably earning just into 4 figures a month, also picked up a couple of other insurance quotes names like travelinsurancequotes.co.uk [...]

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Fancy Joining Us in San Diego? – Think Tank 2010

THINKTAN

Last year I travelled loads and did more conferences than I care to remember (I was out of the country for over 3 months in total). This year, I’ve been a lot more choosy about which which events I’ve attended based on the benefit (and enjoyment) I’d get from them. So far I’ve done both [...]

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